In my opinion the Canadian stock market and the Canadian economy present a unique opportunity. We can build the Canadian stock portfolio by focusing on a few key sectors. Canada is home to many wide moat or oligopoly sectors that includes the Canadian banks, telcos, railways, grocers, pipelines and utilities. For Million Dollar Journey, here’s […]
Looking to the Canadian energy sector for Canadian investors.
The Canadian energy sector has been beaten up. Foreign investors have given up and so have many Canadian investors. Where there is incredible pessimism there can be incredible rewards. But there is certainly no guarantee that the pessimism for the Canadian energy patch is not deserved. That said, it is also certainly possible that the […]
Sunday reads. Investing in Canadian banks.
Yes, investing in the big Canadian banks is a favourite topic of mine. It can bring up so much spirited debate. And for the record, I hold Royal Bank, TD Bank and Scotiabank in my concentrated Canadian portfolio. Investing in Canadian banks has been extremely profitable over the decades. But as always -past performance does […]
Around the world and Global Dividends on long weekend reads.
We’ll start with a look at Global Dividends. Those dividends have taken the biggest hit since the financial crisis of 2007-2009. Of course the dividend carnage continued for a few years after 2009. In the recent pandemic stock market correction Global Dividends have fallen by some 22%. Only two countries (stock markets) managed to increase […]
The cheapest Canadian banks have been in 20 years.
Now there’s a headline. That headline might grab your attention and perhaps your investor wallet. I’ll leave that up to you. According to Scotia Capital analyst Hugo Ste-Marie the Canadian banks now trade at 10.5 times forward earnings, versus 18.7 times for the broader TSX. When you buy the Canadian banks (compared to market) you […]
Do you have enough tech in your portfolio?
And perhaps that headline could read – do you have enough growth in your portfolio? Of course tech is where they keep much of the growth these days. And certainly those tech companies have been driving the returns of the S&P 500 and other US stock index funds. For investors who create their own stock […]